# **LONG ASHTON COMMUNITY ASSOCIATION REPORT & FINANCIAL STATEMENTS 31 MARCH 2024**
**Charity Number: 304575**
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
|**Contents**|**Page**|
|---|---|
|Reference and Administrative Information|1|
|Trustees’ Annual Report|2 – 6|
|Independent Examiner’s Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 - 18|
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **YEAR ENDED 31 MARCH 2024**
## **Registered charity number**
304575
## **Principal office**
The Community Centre Keedwell Hill Long Ashton Bristol, BS41 9DP
## **Trustees**
Mr C Davis – Chair Miss C Murphy Mr T Kindred Mrs S Leong Mr D Andrews (resigned 08/02/2024) Mrs K Bolton (resigned 02/09/2023) Mrs N Davis (appointed 05/09/2023) Ms H Mallet (appointed 05/12/2023) Mrs J Brown (appointed 10/09/2024)
## **Key management**
Mrs S Smith – Centre Manager
## **Independent examiner**
Joshua Kingston, BSC., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton BS48 1UR
## **Bank services**
Santander Bootle Merseyside L30 4GB
1
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2024**
## **Report of the Trustees for the year ended 31 March 2024**
The Trustees have pleasure in presenting their report and financial statements of the Charity for the year ended 31 March 2024. The Trustees have adopted the provisions of the Charities Act 2011, the trust deed and the Statement of Recommended Practice Charities SORP (FRS 102).
## **OBJECTIVES AND ACTIVITIES Objectives**
The objectives of the Charity, as stated in the constitution document are:
- a) to promote the benefit of the inhabitants of Long Ashton Civil Parish without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants;
- b) to maintain and manage the Community Centre whether alone or in co-operation with any local authority, person or body.
## **Activities**
The Charity achieves its charitable objectives through the maintenance and management of the community centre.
The facilities include the Village Hall (with stage and large kitchen), Keeds Hall (sports hall), Jubilee Pavilion, smaller meeting rooms, Bowling Green, Tennis Courts, sports pitch and children’s play area. The Centre is licensed for running a bar.
The facilities continue to be used by a number of groups, classes, individuals and local businesses. These include art classes, several pre-school groups, exercise classes, local history, martial arts groups, local sports clubs and the Parish Council. In addition, the facilities are booked on a regular basis for cultural celebrations, an annual flower show, LA Cinema, monthly village market, monthly lunch and LACA’s own fundraising events.
The award of a prosperity grant in the current year funded the installation of a new speaker and adaptable lighting system in the Village Hall which would make the space more suitable for community and private events. The award of a further grant in September 2024 means that a new screen and laser projector can be installed to complete the audio-visual installation.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
2
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
Rental income during the year has continued to increase past pre-pandemic levels as use of the Centre has increased and fees have been reviewed. The Centre has a core group of regular users groups including a Montessori home tutoring group for younger children which now meets three days a week during term time in the Community Centre.
Annual events such as the Beer and Cider Festival and Quiz Night continue to be successful in raising funds for the Community Centre. Other annual events are in the pipeline and the Community Centre is looking forward to having a year-round schedule of fundraising events. The Long Ashton Adventure Film festival which was run for the first time was a sellout.
The Community Centre opened as a “Warm Lounge” as part of the North Somerset campaign. Grant funding of £500 was provided to support this initiative. This will be repeated in the winter of 2024/25. In view of recent revisions to the benefit system we expect the same level of use or more, particularly during cold periods.
Some of the smaller meeting rooms within the Community Centre were given an uplift to make the spaces more appealing for hire.
Three floors have been renovated or re-laid to deal with wear and tear, and in one case to remove a trip hazard. A new site-wide WiFi system including its installation was given to the Community Cantre which removes the need to manually change networks as users move within and between buildings.
The decision by the Parochial Church Council to relinquish responsibility for Church House in Long Ashton meant that two long term users needed new premises from which to operate. The Association was able to accommodate them within the Community Centre with some repurposing and re-allocation of spaces. The extra income from these users has helped restore the Association’s finances, and enabled it to hire spaces at reduced rates to other users who previously had free use of Church House, or where the Centre Managers consider it to be to the public benefit.
The Open Day for other Community groups to exhibit for free at the Centre was heavily booked again. It has proved to be beneficial for everyone and is planned to be a regular event in the calendar.
However, a shortage of meeting rooms means that many enquiries for space to hold a small meeting have to be turned away.
## **FINANCIAL REVIEW**
The total income for the year is £200,288 compared to £153,605 in the prior year. Total expenditure for the year is £165,596 compared to £143,397 in the prior year. This results in a net surplus of £34,692 (2023: surplus of £10,208) leaving total unrestricted funds as at the year end of £38,062 (2023: £26,123) and restricted funds of £23,253 (2023: £500).
3
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2024**
The trustees’ plan to emphasise increasing income over the year resulted in increased income of £43,683.
## **Reserves Policy**
The Trustees have reviewed the reserves of the charity. Their policy is to hold enough unrestricted funds to meet at least three months of normal expenditure for managing the Community Centre. This equates to £30,000 - £35,000. The Trustees feel that this amount would enable the charity to continue to operate in the event of a significant drop in funding, or closure of part of the facilities. It would obviously be necessary, however, to consider how the funding would be replaced.
In the financial year ending 31st March 2024, the free reserves held (excluding those allocated to designated funds) stood at £32,542 (2023: £19,063).
Designated surplus funds have been ringfenced to provide for the long term maintenance requirements of the Community Centre to ensure there are sufficient funds available for any major building repairs.
Additionally, separate restricted funds have been set aside for specific projects relating to the Community Centre such as the Village Hall upgrade and redevelopment of the playpark.
## **Principal funding sources**
Our main source of income is from hiring out the Community Centre to users. This is supplemented by grants from the Parish Council, and any fundraising events. From time to time we receive other donations and grants, and every opportunity is taken to apply for grants for which the Association may be eligible.
## **Looking forward**
The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons:
- The charity holds reserves as detailed in reserve policy above;
- Steps have been taken to reduce expenditure and increase income;
- Income from bookings is increasing; and
- The Parish Council has confirmed sufficient grants to enable continued operations and maintenance.
The Parish Council has maintained its commitment to support the charity through a grant-inaid contribution for maintenance of the Community Centre. Together with the increasing income, the trustees consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements.
4
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2024**
## **Changing the legal form of the organisation**
The Management Committee are intending to change the legal form of the community centre
organisation, to become a Charitable Incorporated Organisation (CIO). CIO status will allow the community centre to have its own legal personality separate from the Trustees, similar to a limited company. The Community Centre will continue to be a registered charity and to operate under charity law. An application was submitted in January 2023, but closed by the Charity Commission due to time taken to investigate the complications to the process caused by the charity’s land and buildings. It is planned to resubmit the application by 31 March 2025.
## **Issues & Risks**
- LACA is reliant on a small number of employees and volunteers to support day to day operations and management, and the trustees who volunteer.
- The recruitment of voluntary Trustees has improved but there remains heavy reliance on those existing Trustees. Once the legal form has been changed, the Trustees will use this as an opportunity to encourage more members of the community to become Trustees.
- In light of cost increases, LACA reviews expenses and outgoings. However, continuing increased costs will have an effect on operations as it is sometimes difficult to pass on these costs to user groups.
- The cost of maintaining the buildings, facilities, sports and playgrounds is currently supported by funding from the Parish Council, but additional funding will need to be sourced / required to meet the estimated costs as outlined in the capital and maintenance plan for the period 2018-2026.
- LACA is managing the area known as Peel Park on behalf of the Parish Council. This arrangement is now being reviewed with the Parish Council as we are advised that Taylor Wimpey is close to transferring title to the Parish Council.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Background & Governing Document**
The organisation is an Unincorporated Association, registered as a charity on 19 July 1962 (amended 8 May 1984), Registered Charity No 304575.
The Association is governed by its trust deed dated 25 June 1945 and constitution as amended 20 May 1965, amended 1 June 1999, amended 18 June 2009.
## **Recruitment and appointment**
Five trustees are appointed by Long Ashton Parish Council as members of the Management Committee, who must be resident in the Civil Parish of Long Ashton. The Trustees have powers under the constitution to appoint up to a further three trustees, and Hazel Mallett, Nelly Davis and Jenny Brown were appointed using these powers. Following the resignation of David Andrews, Hazel Mallett was re-appointed by the Parish Council.
5
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2024**
## **Statement of trustees’ responsibilities**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Declaration**
I declare, in my capacity of Charity Trustee, that the current Trustees have approved the report above and have authorised me to sign it on their behalf.
Signature
## Christopher Davis
Full Name: Christopher Davis Position: Chair
Date: 22 October 2024
6
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 31 MARCH 2024**
## **Independent examiner’s report to the trustees of Long Ashton Community Association**
I report to the trustees on my examination of the accounts of Long Ashton Community Association (the Charity) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## osha
Josh Kingston BSc., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Date: ………………………… 22 October 2024
7
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 MARCH 2024**
|**Note**
**Income and from:**
Donations and grants
**2**
Charitable activities
**3**
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**4**
**Total expenditure**
**7**
**Total funds at 1 April 2023**
**14**
**Total funds at 31 March 2024**
**14**
**Net income/ (expenditure) and net movement**
**in funds**|**Unrestricted**
**Funds**
**£**
216
118,943
19,022
121
1,560
139,862
96
127,827
127,923
11,939
26,123
38,062|**Restricted**
**Funds**
**£**
58,484
-
1,942
-
-
60,426
-
37,673
37,673
22,753
500
23,253|**Total Funds**
**2024**
**£**
58,700
118,943
20,964
121
1,560
200,288
96
165,500
165,596
34,692
26,623
61,315|Total Funds
2023
£
56,195
79,134
8,282
35
9,959
153,605
560
142,837
143,397
10,208
16,415
26,623|
|---|---|---|---|---|
The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
**See note 10 for fund- accounting comparative figures. The notes on pages 10 to 18 form part of these financial statements.**
8
## **LONG ASHTON COMMUNITY ASSOCIATION BALANCE SHEET**
## **AS AT 31 MARCH 2024**
|**Note**
**Fixed assets**
Tangible fixed assets
**11**|**2024**
2023
**£**
£
-
1,540|
|---|---|
|**Current assets**
Debtors
**12**
Cash at bank and in hand|-
1,540
8,878
3,268
72,863
35,856|
|**Liabilities**
Creditors : Amounts falling due
within one year
**13**|81,741
39,124
(20,426)
(14,041)|
|Net current assets|61,315
25,083|
|**Net assets**|61,315
26,623|
|**FUNDS**
**Restricted funds**
**15**
**Unrestricted funds**
General funds
**15**
Designated funds
**15**|23,253
500
32,542
20,603
5,520
5,520|
||61,315
26,623|
These financial statements were approved by the Trustees on .................................................................... and are signed 22 October 2024 on their behalf by:
Christopher Davis Chair
**The notes on pages 10 to 18 form part of these financial statements.**
9
**LONG ASHTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
## **Accounting convention**
The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.
## **Income**
Income from donations is included in income when these are receivable, except as follows:
I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;
II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Rental income is recognised in the month it falls due. Unpaid rent is accrued for in debtors and any rents received in advance are accounted for as deferred income.
Investment income is included on a receivable basis.
Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operational effectiveness.
## **Expenditure**
Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
## _**Raising funds**_
Raising funds expenditure include those costs incurred in seeking voluntary contributions, costs of goods sold and other costs which include the costs of running and participating in fundraising events and collections and cost of goods purchased for resale.
10
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
- **1 Accounting policies** _**(continued)**_
## _**Charitable Activities**_
## _**Governance costs**_
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.
## _**Allocation and apportionment costs**_
Certain expenditure is directly attributable to specific activities and this has been included in those cost categories. Other costs, which are attributable to more than one category, are apportioned across cost categories on the basis of an assessment of workload carried out from time to time.
Overhead support costs have been allocated between fundraising and publicity costs, fundraising trading and charitable activities. The apportionment has been allocated on the basis of usage and is analysed in note 5.
## **Pension costs and other post-retirement benefits**
The charity contributes to defined contribution pension schemes. Contributions payable to the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate.
## **Tangible fixed assets**
Fixed assets are held at cost less accumulated depreciation. Assets costing less than £1,000 are not capitalised. Depreciation is calculated so as to write off the cost of an asset, less its estimated ultimate residual value, over the useful life of that asset as follows:
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Office equipment - 25% straight line
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable of a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Creditors are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
11
**LONG ASHTON COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies** _**(continued)**_
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
Further explanation of the nature and purpose of each fund is included in notes of the financial statements.
## **2 Income from: Donations and grants**
|Donations
Parish council grants
Government grants|**Unrestricted**
**Funds**
**£**
216
-
-
216|**Restricted**
**Funds**
**£**
2,208
40,000
16,276
58,484|**Total Funds**
**2024**
**£**
2,424
40,000
16,276
58,700|Total Funds
2023
£
1,401
53,269
1,525
56,195|
|---|---|---|---|---|
Income from donations and grants included £500 of restricted grants from the Parish Council
## **3 Income from: Charitable activities**
|Rental income
Storage income
Clothes bank
Feed in Tariff|**Unrestricted**
**Funds**
**£**
117,692
983
268
-
118,943|**Restricted**
**Funds**
**£**
-
-
-
-
-|**Total Funds**
**2024**
**£**
117,692
983
268
-
118,943|Total Funds
2023
£
75,918
322
271
2,623
79,134|
|---|---|---|---|---|
Income from charitable activities in the prior year was unrestricted.
12
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **4 Expenditure on: Charitable activities**
|Community centre & recreation grounds
**Prior year comparatives**
Community centre & recreation grounds|**Direct**
**Costs**
**£**
83,002
83,002
Direct
Costs
£
74,298
74,298|**Staff**
**Costs**
**(Note 8)**
**£**
58,770
58,770
Staff
Costs
(Note 8)
£
41,600
41,600|**Support**
**Costs**
**(Note 5)**
**£**
23,728
23,728
Support
Costs
(Note 5)
£
26,939
26,939|**Total**
**2024**
**£**
165,500
165,500
Total
2023
£
142,837
142,837|
|---|---|---|---|---|
## **5 Support costs**
Support costs are allocated between raising funds and charitable activities on the basis of usage.
Support costs, included in note 4, are as follows:
|Memberships and subscriptions
Insurance
Printing, postage and stationery
Professional fees and accountancy fees
Bank and other charges
Other staff costs
Depreciation
IT Software & consumables
Other general expenses
Governance costs (Note 6)|**Total**
**2024**
**£**
312
3,467
332
5,913
219
4,376
1,540
1,280
4,039
2,250
23,728|Total
2023
£
484
3,922
1,109
6,122
240
5,962
3,090
1,153
2,277
2,580
26,939|
|---|---|---|
13
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024**
## **6 Governance costs**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
Independent examiner's fee
- for independent examination services
1,014 -
- for other services
1,236 -
- prior year over/(under) accrual
- -
2,250 -
Governance costs in the prior year were unrestricted.
**Net income/(expenditure) for the year**
This is stated after charging:
Independent examiner's fee
- for independent examination services
- for other services
- prior year over/(under) accrual
Trustee expenses
Depreciation
One trustee (2023: Nil) was reimbursed during the year for expenses relating to travel.|**Total Funds**
**2024**
**£**
1,014
1,236
-
2,250
**2024**
**£**
1,014
1,236
-
48
1,540|Total Funds
2023
£
960
1,140
480
2,580
2023
£
960
1,140
480
-
3,090|
|---|---|---|
## **7 Net income/(expenditure) for the year**
## **8 Staff costs and numbers**
The aggregate payroll costs were:
|Wages & salaries
Pension contributions|**2024**
**£**
58,068
702
58,770|2023
£
41,507
93
41,600|
|---|---|---|
No employee received emoluments of more than £60,000.
No Trustee received any remuneration during the year or in the prior year.
The average weekly number of employees during the year was 5 (2023: 6), calculated on the basis of average headcount. The total employment benefits received by key management personnel including employer national insurance and employer pension were £20,912 (2023: £19,440).
## **9 Taxation**
The charity is exempt from corporation tax on its charitable activities.
14
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **10 Statement of Financial Activities comparative figures**
|**Income and from:**
Donations and grants
Charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net income/ (expenditure)**
Transfers between funds
**Net movement in funds**
**Total funds at 1 April 2022**
**Total funds at 31 March 2023**
**11 Tangible fixed assets**
**Cost or valuation**
At 1 April 2023 and 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023|**Unrestricted**
**Funds**
**£**
55,695
79,134
8,282
35
9,959
153,105
560
142,837
143,397
9,708
-
9,708
16,415
26,123
**Plant and**
**Machinery**
**£**
1,938
1,643
295
1,938
-
295|**Restricted**
**Funds**
**£**
500
-
-
-
-
500
-
-
-
500
-
500
-
500
**Fixtures and**
**Fittings**
**£**
10,419
9,174
1,245
10,419
-
1,245|**Total Funds**
**2023**
**£**
56,195
79,134
8,282
35
9,959
153,605
560
142,837
143,397
10,208
-
10,208
16,415
26,623
**Total**
**£**
12,357
10,817
1,540
12,357
-
1,540|
|---|---|---|---|
15
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **12 Debtors**
|Trade debtors
**Creditors: amounts falling due within one year**
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
8,878
8,878
**2024**
**£**
3,176
2,204
4,570
10,476
20,426|2023
£
3,268
3,268
2023
£
6,097
1,546
4,298
2,100
14,041|
|---|---|---|
## **13 Creditors: amounts falling due within one year**
## **14 Movement in funds**
|**Restricted funds**
REPF grant
Parish council
Playground
Projector fundraising
Warm lounge
**Unrestricted funds**
General funds
Designated funds
Planned maintenance
Facilities and equipment renewal
**Total funds**|**At 1 April**
**2023**
**£**
-
500
-
-
-
500
20,603
2,428
3,092
26,123
26,623|**Income**
**£**
15,776
40,000
2,208
1,942
500
60,426
139,862
-
-
139,862
200,288|**Expenditure**
**£**
15,776
21,102
-
295
500
37,673
127,923
-
-
127,923
165,596|**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-|**At 31 March**
**2024**
**£**
-
19,398
2,208
1,647
-
23,253
32,542
2,428
3,092
38,062
61,315|
|---|---|---|---|---|---|
16
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024**
## **14 Movement in funds (continued)**
|**Prior year comparatives**
**Restricted funds**
Parish council
**Unrestricted funds**
General funds
Designated funds
Planned maintenance
Facilities and equipment renewal
**Total funds**|**At 1 April**
**2022**
**£**
-
-
10,895
2,428
3,092
16,415
16,415|**Income**
**£**
500
500
153,105
-
-
153,105
153,605|**Expenditure**
**£**
-
-
143,397
-
-
143,397
143,397|**Transfers**
**£**
-
-
-
-
-
-
-|**At 31 March**
**2023**
**£**
500
500
20,603
2,428
3,092
26,123
26,623|
|---|---|---|---|---|---|
## **Fund Descriptions**
## **Parish Council**
This fund represents income received from the Parish Council towards maintenance costs.
## **REPF Grant**
Rural England Prosperity Fund to upgrade the main village hall facilities. This included upgrading the stage lighting to LED, upgrade the sound system and upgrade lighting around the site to LEDS.
## **Playground**
LACA has started a process in consultation with residents related to a program to redevelop the playpark and as such has started fundraising.
## **Projector fundraising**
Proceeds from ticket sales will be used to help fund a new high-definition projector and drop down screen in the Village Hall to be used for future community cinema nights, film festivals & events.
## **Warm lounge**
This fund represents income received to provide a free and welcoming space for anyone who needs extra support to keep warm over winter.
## **Planned maintenance**
This funds is designated for major repairs and renewals.
## **Facilities and equipment renewal**
This fund is designated for purchasing replacement equipment and renewing existing facilities.
17
## **LONG ASHTON COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **15 Analysis of net assets between funds**
|Tangible fixed assets
Other net assets
**Prior year comparatives**
Tangible fixed assets
Other net assets|**Restricted**
**Funds**
**£**
-
23,253
23,253
**Restricted**
**Funds**
**£**
-
500
500|**Designated**
**General**
**Funds**
**Funds**
**£**
**£**
- -
5,520 32,542
5,520 32,542
**Designated**
**General**
**Funds**
**Funds**
**£**
**£**
- 1,540
5,520 19,063
5,520 20,603
**Unrestricted**
**Unrestricted**|**Total**
**2024**
**£**
-
61,315
61,315
**Total**
**2023**
**£**
1,540
25,083
26,623|
|---|---|---|---|
## **16 Related party transactions**
The charity received rental income amounting to £509 (2023: £Nil) from two Trustees.
There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements.
18